About Parsec Finance
Parsec Finance is a company based in Concord (United States) founded in 2020 by Will Sheehan.. Parsec Finance has raised $5.25 million across 2 funding rounds from investors including Uniswap, Galaxy and Polychain. Parsec Finance operates in a competitive market with competitors including Kensho, TIM Group, Acumen Group, Castle Ridge Asset Management and Stock Alarm, among others.
- Headquarter Concord, United States
- Founders Will Sheehan
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Popescu Pavel Pf
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.25 M (USD)
in 2 rounds
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Latest Funding Round
$4 M (USD), Series A
Oct 12, 2023
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Investors
Uniswap
& 9 more
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Employee Count
Employee Count
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Funding Insights of Parsec Finance
Parsec Finance has successfully raised a total of $5.25M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $4.0M
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First Round
First Round
(28 Jan 2021)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series A - Parsec Finance | Valuation | Galaxy | |
| Jan, 2021 | Amount | Seed - Parsec Finance | Valuation | Polychain |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Parsec Finance
Parsec Finance has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Uniswap, Galaxy and Polychain. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Robot Ventures is associated with technology or robotics.
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Founded Year | Domain | Location | |
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Early-stage blockchain technology companies are invested in by the firm.
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Founded Year | Domain | Location | |
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Volt Capital is engaged in crypto-native venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Parsec Finance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Parsec Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parsec Finance Comparisons
Competitors of Parsec Finance
Parsec Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kensho, TIM Group, Acumen Group, Castle Ridge Asset Management and Stock Alarm, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based software solutions are provided for law enforcement and businesses.
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| domain | founded_year | HQ Location |
Trade ideas and investment recommendations are facilitated by a platform.
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| domain | founded_year | HQ Location |
Online platform offering technical analysis solutions
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| domain | founded_year | HQ Location |
AI-powered investment funds and strategies are offered for diverse assets.
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| domain | founded_year | HQ Location |
Trading signals and alerts for stocks, crypto, and forex
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Parsec Finance
Frequently Asked Questions about Parsec Finance
When was Parsec Finance founded?
Parsec Finance was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Parsec Finance located?
Parsec Finance is headquartered in Concord, United States. It is registered at Concord, New Hampshire, United States.
Is Parsec Finance a funded company?
Parsec Finance is a funded company, having raised a total of $5.25M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.25M, raised on Jan 28, 2021.
What does Parsec Finance do?
Parsec Finance was founded in 2020 and is based in Concord, United States. A decentralized platform is operated within the fintech sector, emphasizing technical analysis for capital market assets. Services include access to charts, portfolio management, risk assessment, pricing of options and derivatives, asset monitoring and tracking, along with news articles to support user decisions.
Who are the top competitors of Parsec Finance?
Parsec Finance's top competitors include Kensho, TIM Group and Acumen Group.
Who are Parsec Finance's investors?
Parsec Finance has 10 investors. Key investors include Uniswap, Galaxy, Polychain, Robot Ventures, and CMT Digital.